Cathie Wood’s ARK Invest Sells Over 85,000 Shares of Square

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. This fund parted with over 85,000 shares of Square Inc. (NASDAQ: SQ), as the price of this ETF gained about 2% in Friday’s session. Note that this fund is still up significantly in the past year.

Specifically, ARK Innovation ETF (NYSEARCA: ARKK) sold 85,487 shares of Square. At Friday’s closing price, this would have valued this sale at roughly $20.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 12% in the past year.

Check out all of ARK Invest’s sales for Friday as well:

FundTickerNameShares
ARKGSDGRSCHRODINGER10,905
ARKGSMFRSEMA479,461
ARKKNSTGNANOSTRING TECHNOLOGIES5,700
ARKKPRLBPROTO LABS23,130
ARKKSESEA18,921
ARKKIRDMIRIDIUM COMMUNICATIONS180,888
ARKKSQSQUARE85,487
ARKKDOCUDOCUSIGN78,867
ARKQNXPINXP SEMICONDUCTORS1,951
ARKQBYDDYBYD14,420
ARKWLCLENDINGCLUB494

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

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